New Tax Law Brings Major Changes for Nonprofits: What You Need to Know About the One Big Beautiful Bill Act
On July 4, 2025, Congress passed the One Big Beautiful Bill Act (OBBBA), introducing sweeping changes to the U.S. tax code. While the final version of the law excluded some of the most controversial provisions, it includes several key updates that significantly affect nonprofit organizations, private colleges, and their donors. Below is a summary of the most […]